@JR wasnt ignoring you bud sorry you posted inbetween me hitting the send button, this is a drift down play for now i think, saying that the wider market is having a bit of a sell off today so might be these additonal head winds.
POLY is the type of share that drifts down, the only TA i can see thats worth watching is MACD on daily chart which is approaching the positive side for the first time since our fall from grace in Feb, also the MA averages and Volume (use tradingview) show a different picture to what the price is, as ever for me its Buy the dip and HOLD the pot.
Afternoon board, been a way for a while as been a difficult week for me personally for other reasons away from shares so wasn’t ignoring others, I just wanted to say although a lot have not responded to it the account or person who was here abusing others should be ashamed of themselves, that person knows who they are and should take a long hard look in the mirror and go seek some psychiatric help. Anyway enough of that, I will report said accounts as others have on here even though I did not post.
Back to POLY, as its stands I see no reason for anything to happen, the only issue I can see POLYmetal has right now is paying dividends, regardless of what the share price is and how much we want it to go up LONG term its in the interests of everyone including the BOD to keep the business as one, as with that link shown earlier many companies still operate in Russia and wont be pulling out so why should we? Short term gain for long term pain?
The latest sanctions appear targeted at new business and investments into Russia, I see no reason why over a period of time any new investments would be sort outside of Russia and potentially slowly releasing the Russian assets. This will not be good for those in it for the Divi but would keep the company together until the time the sanctions are relaxed.
As pipsjunky stated It would be good to know the area for POLY’s next investment (likely Kaz) and where the credit line comes from.
Looking at other countries with full on Oil sanctions like Venezuala how do companies like Shell and BP go about paying their dividend holders? Are those sanctions only targeted at trade and not payment level? Could it be a case of applying for a special license (being registered as an international Company) ?
If there was any split with POLY imo it would be two new companies with shares spilt equally % wise with NAV of each side Rus and Kaz (40/60 or what ever) with both sides Russia and Kaz holding shares in each other that could not receive dividends.
I read a post here about Gold, imo its next year Gold will gain value when the recession hits the employment market, Gold has always been a reliable store of value, currencies are always devalued in the end.
@Saga and Sworaf, great posts and maybe someone in next email can pose a few other questions.
@ Easywynns- not sure Blackrock or Vanguard would be to happy about that?
@Pipsjunky – it seems all the regulation is around the sale and movement of GOLD to and from Russia, as we own Equities its difficult to know if a lot of this applies to us, I don’t think?
guys, i dont think you will find the bulk of the drop is to do with todays appointment, zoom out and have a look at what financials are being reported in the next few days, apple, microsoft, shopify all the big tech giants in the US, and thursday US GDP data will confirm whether or not the we are in recession, the market is selling off in preperation for this, hence why the price dropped from 230pm. Check your watch list for large caps and its across the board and will continue until at least thursday possible friday.
@chique - point taken, i just happen to be watching a video on it and couldnt believe what i was hearing. With ref of yesterdays reply from POLY, i think we can all relax a little bit now after that, i needed to know for my own sanity having memories of VOG.
Anyway no more financial talk from me, back in the game Monday, have a good weekend all )))
@Panda - the Kremlin have stooped even lower than that im afraid, they have vetoed the UN against sending humanitarian aid to Syria, risking the lives of millions of people for the basic needs of food and water, its a tit for tat against the sanctions and just confirms they are now really feeling the pain.
Notice i didnt use the word 'Russia', the more i look on social media the more Russian people i see against this war, even soldiers risking thier own lives refusing to go to battle. The tide is turning slowly but its only a matter of time....
well i took it upon myself first thing this morning to message Investor relations with a couple questions i posted on this bb last night so here are the answers
Hello, thank you for the webcast yesterday, i am an investor with Polymetal on the LSE and have a couple of additional questions if i may.
POLY was taken from the FTSE 100 to the 'main market', could you please tell me what trading regulations POLY are trading under is it still FTSE 100 or 'AIM'? Each of these have different regulations and the LSE website just says 'main market'.
POLY Kazakstan is currently unaffected by sanctions, is it your intention now to concentrate more on the Kaz side of operations with new investments? I read the new POX plant development has been stopped indefinitely, was that POX3? There was some slight confusion in the answer on the webcast.
Yesterday in the webcast an Management buy out was mentioned as an option, its the first time i have heard this mentioned in a POLY webcast, i know have said you dont want to talk financials price sensitive material and any options are on the table, in the event of a MOB and having read your previous RNS stating...
'The Company today announces that it is evaluating the potential disposal of the Company’s assets located in the Russian Federation (the Russian Assets) (the Potential Transaction).
If completed, the Potential Transaction would result in the Company focusing primarily on its operations in Kazakhstan, which currently produce over 500 Koz of gold per year, with revenue in 2021 of US$ 984 million.'
?Would this potentially mean you are considering an MBO on the Russian side only or as a complete entity for both Rus & Kaz? Is it POLY's intention to at least leave POLY Kaz trading on the LSE as a minimum?
Personally, i am hoping that POLY will manage to stay together as one unit both Rus and Kaz and the war ends, at present are any of POLY's banks under sanctions or potentially going to be? (Sberbank)
Thank you for your time with this email, my intention is to be a long term holder for the dividends once POLY's future is secured.
?Dear ****, good afternoon,
1. It’s main market, even though we are not in ftse 100 index anymore.
2 If the potential transaction goes ahead, naturally the focus will be on Kazakhstan, as these are going to be the only assets Polymetal International will have. Yes, there was some confusion on the webcast. CEO meant POX3 project, POX2 is more than 50% complete and isn’t moving anywhere.
3 the potential transaction mentioned in the RNS is for Russian assets only. It is our intention to leave Polymetal on LSE with Kazakhstan assets only.
4 currently none of the banks creditors of Polymetal International are sanctioned. All lending from Russian banks are at the level of Russian subsidiaries.
Thank you for your email and your support as a shareholder.
not seen this share in a long long time, i remember when this was the next cure for cancer and peaked at 21p!, i got lovely little day trade out of that and loads got locked in, thats aim market and reason i dont trade it anymore. Always a gamble and always getting tapped up by the BOD's for share issues and consolidations. To many good quality shares out there to be messing with aim, saying that i am surprised to still see this share here so something good must have come out of it?
for anyone who has any doubts on the companies intentions from the webcast its written in black and white in Tuesday rns, in the companies own words...
Update on the potential modification of its asset holding structure
Polymetal International plc (Polymetal or the Company) reports on progress in its efforts to de-risk on-going operations.
As announced earlier this year, the Company has been considering a potential modification of its asset holding structure which would ensure distinct ownership in the various jurisdictions in which the Company operates. The Company today announces that it is evaluating the potential disposal of the Company’s assets located in the Russian Federation (the Russian Assets) (the Potential Transaction).
If completed, the Potential Transaction would result in the Company focusing primarily on its operations in Kazakhstan, which currently produce over 500 Koz of gold per year, with revenue in 2021 of US$ 984 million.
The primary objective of the Potential Transaction is to restore shareholder value by seeking to allow the market to appropriately value the Company’s Kazakhstani assets and de-risk its ongoing operations. The Company believes that the Potential Transaction would also increase the likelihood of the Company’s ability to re-enter all the relevant equity and sustainability indices and regain a significantly wider institutional audience. However, the evaluation of the Potential Transaction is ongoing and there can be no certainty that the Company will proceed with the Potential Transaction.
In order to evaluate the Potential Transaction, a Special Committee of the Board (the Committee) has been set up in accordance with the Company’s Articles of Association, comprising the Independent Non-Executive Directors of the Company. The Committee will review the Potential Transaction, acting at all times in the best interests of the Company, its shareholders and other stakeholders.
Appropriate advisers have been appointed in order to assist in respect of the Potential Transaction.
“The Committee is acting in the interests of all of the Company’s shareholders with the ultimate goal of unlocking the Company’s value by removing its exposure to the Russian Assets.
@panda it appears some of the debt is linked to location, i would have to find the link again but the far eastern part has been funded by 'far east and artic development fund'.
Its extremely complicated what ever has to happen, as buckeye says good to discuss things and see what others think on here, notice how all the experts from yesterday have disappeared just when you need them most..... Splice FP et al.
@CWWX no need to be nasty we all frustrated by this no need to take it out on others.
@Foor - i dont think in the past ive owned shares in a setup like this, certainly not a premium listed share with such massive ii onboard. There is also a question of what regulation are we trading under, it still says main market on the LSE website but does not show in the 100, it might be worth an email to clarify this.
@Buckeye - his exact words were 'a large proportion of his personal wealth is in NSD (National Settlement Depository'
Im hoping todays webinar with no precise road map and failure to answer questions is just another stalling tactic to try to keep the company together.
They have said in the previous RNS they are looking to dispose of Russian assets, so in the case of the management buy out what would the structure of that be?? MBO on just the Russian side or the total?
UK listing, registered in Cyrpus, head quarters in St Petersburg and 60% of business in Russia.
Its definitely messy what ever way a sale or transfer would take place, all would have to be voted on, which side gets the weight of the vote LSE or MOEX?
Where would that leave ii like Blackrock and Vanguard? In the case of any kind of MBO would the pi be compensated?
Personally I want the company kept together but not at the expense or risk to my holding so what ever is best for all share holders, not just ii’s.
Many would have bought in at much higher prices to what we are seeing today, so the positive I took from his statement regarding the SP and his personal pain looking at it is
‘The focus is not on urgent improvement but rather than long term restoration of value’
Having listened to the webinar again I feel a bit better about it, I realise the questions were difficult and they do not want to commit to anything at this point as they do not need to, we have cash, no immediate need to make a rash decision and time on our side.
not the specifics, but we have had an outline its going to be Rus sale, this is whats holding the SP down, we have just broken free of a long term down trend on the back of this news, so the market is showing positivity towards this move.
@rsvrww - i doubt you will see that price this side of the webinar, why would anyone be selkling when we are about to see the road map to our recovery............ a few weak hands shook out first thing, another buying op, just had a little top up
@JAB yes i think POX 2 or the newer of them is being moved to Kaz, as you say it was already discussed in the last webinar
@Darkknight - welcome to the board, some good posts and people with experience on here, lots of us here to learn myself included, we all have the same agenda, as you say to financial freedom, i think we are in safe hands with POLY.
@Roxy - good to see you back posting on the board ))
@pipsjunky - Im not in a rush with POLY so if the BOD need to take time to get better value with seperate sales it might be better for all share holders.
@BigBlue - on larger sizes outside of 'market size' they are not obliged to quote electronically, they can if they want but dont have to, they have to for any size over the telephone. Sorry i didnt write that very well.
Morning all, just reading some good posts and back to the regular posters here, we all have differing strategies, shares like POLY are great for swing trading on small sizes but its easy to get locked out with mm not giving electronic quotes, its worth noting that mm’s (I use this term as behind every SETS algorithm is a market maker) is not obliged to give you an electronic quote online, but they have to over the telephone even for large orders, these do come at price premium with my brokers its £48 per telephone trade.
I would say yesterday spike is a sign of a longer change in trend for this share, you often see massive spikes like this when trend changes and we have been in a down trend for many months so well over due.
We don’t know whats coming in the rns tomorrow, we may start to get offers for Rus in the coming weeks, I guess we will find out in the web meeting tomorrow.
I was looking at the location of many of our mines and POX plants, a lot are in the far east Kabaravorsk region which is right on China’s door step, perfect fit for Chinese Mining company.
We should get fair value for these plants as I believe POX 2 is the newest? It looks like the debt is attached to each area, would it be beneficial to POLY to sell these different plants off individually and not to one entity?
@Atrade - this how we make money.......... holding, game it and we miss out more times than not, i like to play around with a little pot to keep myself amused, the bigger wins are always with the holds, hope you had plenty of % in here today.
Check the chart, we have had near two identical candles in the last two trading days ( price ranges and open and close) comparing to the last big break out, we also broke the 9ema on open, first candle to open above long term down trend (pink or blue). I bought on that very first thing, never expected this rise and above 210 was off the back of the BigBlue's leak, hes worth his weight in GOLD top bloke ;-)